XJO 0.73% 8,017.8 s&p/asx 200

de ja vu, page-144

  1. 17,444 Posts.
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    I have included 3 charts rather try to squeeze things.

    The blue line is 200 simple ma weekly.

    Of course the calc date is end of week so the reading will be different on any day through the week.

    1987 1988 1989 and as an initial support in 1990.

    1997 and nearly 1998.

    The fact these were around "7" and "8" years might add some significance.

    This week coming is 4987 but will shrink a little as price approaches.

    The white line is 288 exponential which I think is Eliades.

    It is around 4766 and has had some successes in the past, and is in that 5750/70 area we all recognise.

    So they probably are my two best thoughts on support in the immediate future.







 
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